November's Huge Jobs Report

Written by Andy Pratt on .

Did you know that 2014 is on pace to record the strongest year of job growth since 1999? The economy has added 10.2 million jobs since the recession's low point and, despite Americans thinking that the unemployment rate is higher than it actually is, the unemployment level is just 2 tenths off the Fed’s target for 2015 at 5.8%. The economy is picking up steam and November continued the trend.

Happy Veterans Day

Written by Sherrie Campbell on .

The Burney Company would like to thank all of the men and women who have served and who currently serve in the armed forces for your service to this country.

The Employment Picture is Getting Better

Written by Andy Pratt on .

The first Friday of every month the Bureau of Labor Statistics releases the Labor Report showing how many jobs were gained or lost in the economy over the previous month. Expectations for October’s Jobs Report were high:

  • Payrolls: +234k
  • Unemployment: Down to 5.8%

And the report did not disapoint:

Ride Out the Volatility

Written by Andy Pratt on .

In the research section of our website, there is a note written by Lowell Pratt on May 9th, 2011 titled Time to Cash Out of the Market?  In the note, Lowell establishes expectations for the market that every investor must realize:

The most reliable aspect of the market is the fact panics WILL occur…to try to avoid them leads to the market timers bane, which is being out of the market when it’s about to perform best and in the market when it’s the most comfortable, and therefore most vulnerable.

September Jobs Report

Written by Andy Pratt on .

As expected, the Federal Reserve laid out its plans for ending its bond buying stimulus program in October. Many also expected the Fed to remove the phrase “considerable time” from its pledge that interest rates would remain low but it kept that phrase indicating that it is not in a hurry to raise rates (keeping interest rates low is one of the tools the Federal Reserve has to stimulate the economy). With Quantitative Easing coming to end, Fed watchers focus is now on the Fed’s interest rate policy. The Fed will look closely at the monthly jobs report when deciding its next steps.

September Expectations:

  • +215k Payrolls
  • 6.1% Unemployment
  • Hourly Earnings +0.2%
  • Work Week 34.5 Hours

The jobs report beat expectations on both payrolls and unemployment.